PKO BP brokerage house analysts lowered the recommendation for NEUCA Group to 'hold' against previously issued 'buy' and raised the target price to PLN 400 per share, against PLN 386 published in the report from 16th June.

The recommendation was issued with share price PLN 385.9 and during the last session before the share price publication it was PLN 391.1. The analysts justify the price lowering with lack of perspectives for acquisition in the mid-term. The experts assume organic growth in the wholesale segment of 5% yearly in 2017-2019. In the brokerage house's prognosis, the future of the private brands segment looks optimistic and it will accelerate the improvement of the Group's margin in the coming years.

PKO BP Brokerage house's analysts estimate the company's net profit will reach PLN 117 million in 2017 and will rise to PLN 125 million in 2018, with revenues respectively PLN 7526 million and PLN 7944 million.

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Neuca SA published this content on 16 June 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 05 July 2017 07:55:03 UTC.

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